The chart pattern shows in the chart indicate reversal as the price formed triple tops.
currently, the price forming engulfing at the third tops indicate potential bearish impulse. The price is rejecting at the supply zone on h4 timeframes.
my entry reason
1) price reject at supply zone
2) price form 3 tops
My stoploss is above this zone
My target is the lower zone. ( i expect price to break current support level)
The risk reward ratio is 5.5
currently, the price forming engulfing at the third tops indicate potential bearish impulse. The price is rejecting at the supply zone on h4 timeframes.
my entry reason
1) price reject at supply zone
2) price form 3 tops
My stoploss is above this zone
My target is the lower zone. ( i expect price to break current support level)
The risk reward ratio is 5.5
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.